Walgreens reports $75 million of looting damage in third quarter
With about 9,300 locations in the United States, Walgreens is one of the largest retailers by store count.
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Era of free news for Facebook, Google could soon be over
A regulator will this month publish draft rules forcing the two U.S. tech giants to share revenue generated from news with the original publishers. Should others follow, it would chip away at two of the most wildly successful business models of the 21st century.
Recipes: How cooking with Impossible’s Burger meat stands up to the real thing
Try using the plant-based “meat” product for Jalapeño Burgers and Chilaquiles With Red Beans and Charred Tomatillo Salsa. You can find Impossible meat at 4,700 stores nationwide, including Kroger stores.
Stocks extend weekly gains, buoyed by positive Remdesivir findings
Gilead Sciences Inc. advanced after reporting its Remdesivir treatment cut COVID-19 mortality risk by 62%.
Pandemic set to spark biggest retreat from eating meat in decades
The shift is happening in every major market, including in the United States, where it’s predicted that per-capita meat consumption won’t return to pre-pandemic levels until at least after 2025.
Months of trial, error in ICUs offer clues on how to save COVID-19 patients
Collective experience might be showing results. U.S. deaths, which often ranged between 2,000 and 3,000 a day in April and May, have mostly remained below 1,000 and in the low hundreds since the beginning of June.
Nasdaq hits record as U.S. stocks join global rally
The S&P 500 index posted its fifth straight increase, its longest winning streak since December, as Amazon.com Inc. shares rose past $3,000 for the first time.
Stocks rally on better-than-expected economic data
U.S. companies are providing reason for hope that an earnings recession may be less severe than some analysts expect.
Meat shortages reopen costly path to small U.S. slaughterhouses
Congress is considering amending laws to make it easier for smaller processors to sell products. But while new, smaller slaughterhouses could be the antidote to industry concentration, they don’t offer a quick, or inexpensive, fix.
Chuck E. Cheese, hit hard by pandemic, files for bankruptcy
Chuck E. Cheese, which has four Indianapolis-area locations, has been particularly hammered by the health crisis because it is more of an entertainment venue for families than a restaurant.
GNC files bankruptcy, plans to close up to 1,200 stores
The health and wellness company’s Chapter 11 petition filed in U.S. Bankruptcy Court allows the retailer to keep operating while it pursues a dual-track process to restructure its balance sheet in a standalone plan or complete a sale
Major League Baseball to come back with 60-game schedule
Major League Baseball on Tuesday night issued a schedule that will start July 23 or 24 in empty ballparks in its shortest season since 1878.
U.S. stocks rise again, but spread of virus tempering gains
U.S. stocks rose for a second day, but faded near the closing of the market as concern mounted that a spike in virus cases in some states could curtail economic activity.
China deal ‘fully intact,’ Trump says after adviser roils markets
U.S. futures swung wildly as the remarks caused concern that the deal signed in January, which paused the trade war between world’s two largest economies, was in jeopardy.
Juneteenth tests corporate America’s pledges to fight racism
From Nike to Target, dozens of companies are for the first time commemorating June 19, the effective end of American slavery, but the differences in how are stark.
Rival Taubman says Simon has buyer’s remorse on mall merger
Taubman Centers said in a filing alleging illegal termination that rival mall landlord Simon Property Group knowingly assumed the risks of the pandemic at the time their $3.6 billion merger deal was announced.
Trump team considers $1 trillion for infrastructure to spur economy
A preliminary version being prepared by the Department of Transportation would reserve most of the money for traditional infrastructure work, such as roads and bridges, but would also set aside funds for 5G wireless infrastructure and rural broadband.
Charitable giving increased in 2019, boosted by corporate donations
Giving by businesses increased by 11.4% from 2018 to 2019, once adjusted for inflation. Giving by foundations reached a record high of $75.7 billion.
Simon Property, Brookfield, Authentic Brands in talks to buy J.C. Penney
Authentic and Simon Property Group also are in discussions with Brooks Brothers Inc. on a joint bid that would be part of a potential bankruptcy filing by that clothing retailer.
Hospitals desperate to boost non-COVID patient counts
Much of routine health care came to a halt in March as hospitals cleared space for an expected wave of COVID-19 patients and authorities ordered a halt to surgeries and other procedures that could be postponed.